Page 142 - CW E-Magazine (2-7-2024)

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Adani Group plans $100-bn investment in energy transition

Adani Group will invest more than The coal-to-ports group wants to pro- ing stations, as well as grid infrastructure
$100-bn (around Rs. 8.34-lakh crore) in duce the “world’s least expensive green development,” he added.
energy transition projects and manufac- electron” that will become the feedstock
turing capability to produce every major for several sectors that must meet the On digital infrastructure, he said data
component required for green energy sustainability mandate. is indeed the new oil, and at the heart
generation, Chairman Gautam Adani of all the action is the data centre – the
said. “And to make this happen, we are critical infrastructure needed to power
already building the world’s largest all forms of computational needs, espe-
Speaking at ‘Infrastructure – the Cata- single-site renewable energy park in cially AI workloads for machine learning
lyst for India’s Future’ event of Crisil, Khavda, in the district of Kutch (in algorithms, natural language processing,
Mr. Adani said energy transition and Gujarat). Just this single location will computer vision, and deep learning.
digital infrastructure are trillion-dollar generate 30-GW of power, thereby
opportunities that will transform the country taking our total renewable energy capa- “All of this is dependent on the abi-
both at a local and at a global scale. city to 50-GW by 2030,” he said. lity to process data at an unprecedented
speed and scale which are the precise
The conglomerate is building major Mr. Adani said the energy transition capabilities that data centres provide.
facilities to manufacture electrolysers for space will fundamentally change the However, this will need massive amounts
making green hydrogen, wind power tur- global energy landscape forever. “The of energy, making the data centre busi-
bines and solar panels, besides building global transition market was valued at ness the largest energy consuming in-
solar parks. Green hydrogen is seen as a approximately $3-trillion in 2023 and dustry in the world,” he said. “This
potential panacea for decarbonising the is expected to grow to nearly $6-trillion makes the energy transition even more
industry as well as transportation. by 2030, and thereafter double every 10 complex and is raising electricity prices,
years till 2050. As many of you know, thereby adding to the already high prices
“The next decade will see us invest our country aims to install 500 gigawatts because of the combined impact of
more than $100-bn in the energy transi- of renewable energy capacity by 2030. climate change and demand growth,”
tion space and further expand our This ambitious target will require annual Mr. Adani said. He added that the infra-
integrated renewable energy value investments of over $150-bn. The transi- structure required for energy transition
chain that today already spans the tion to green energy in India is expected and for digital transformation are now
manufacturing of every major compo- to generate millions of new jobs in sectors inseparable as the technology sector
nent required for green energy genera- such as solar and wind, energy storage, becomes the largest consumer of the
tion,” he said. hydrogen and its derivatives, EV charg- precious green electrons.
REFRIGERANT GAS SUPPLY
Tanfac inks supply deal worth $81-mn with Japanese

speciality chemicals fi rm

Chennai-based Tanfac Industries the company informed in a press note. fac Industries, said, “With this agree-
Ltd. has announced the signing of a Tanfac Industries, a joint venture com- ment, Tanfac strategically enters into the
framework agreement worth revenue pany promoted by Anupam Rasayan refrigerant gas segment.
of $81-mn (about Rs. 675-crore) over and Tamil Nadu Industrial Develop-
next fi ve years with a leading Japanese ment Corporation (TIDCO), is a leading We continue to capture the growth
speciality chemicals company. producer of hydrofl uoric acid and its and value in fl uorination chemistry
derivatives and operates a manufactur- and enhance our product offerings.
The agreement is for supplying a ing unit in Cuddalore, Tamil Nadu. Com- We will undergo a plant expansion at
refrigerant gas and the deliveries of the menting on the deal, Mr. K. Sendhil our Cuddalore facility to manufacture
same will start from H2 FY2025-26, Naathan, Managing Director of Tan- this product”.

142 Chemical Weekly July 2, 2024

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